Granular Investments acts as advisor to insurance and reinsurance companies on credit risk transfer deals between them and European banks. Our clients are the re/insurers, to whom we owe our duty of care while treating fairly all parties in the transaction. We are paid by the re/insurers only, and not by the banks.

Granular Investments normally receives a percentage of the protection fee paid by the bank to the re/insurer, who is able to accept or decline each individual deal. Where Granular Investments has more discretion in the final underwriting decision, a pricing model with a performance component can be envisaged.